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Old 03-07-2008, 11:22 PM
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Default Home foreclosures

I would be interested to know if there are a lot of homes in or around the Idaho Falls area that have foreclosures.
How does the bank handle these in that area?
Do they sale them at the steps of the courthouse or do you bid on them etc...
I would appreciate any input available!
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Old 03-08-2008, 12:00 AM
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oh boy, that is a lot of info you want. My husband or I go to the foreclosure auctions in Idaho Falls and Rigby all the time. We have bought a quite a few houses that way. The first and most important thing to know is that you have to have cash to buy a house at an auction. They won't let you bid unless you show them a cashiers check that verifies your funds. The second most important thing to know is to make sure and check out any liens on the house. Some liens fall off, and some don't, so you have to be careful. And I would say the third most important thing to know is that about %70 of auctions get canceled. So don't get emotionally tied to a house, cause chances are it's not actually going to go to auction. If you want more into you could send me a PM and I'd be happy to give you my number and you could call me. Are you looking for a house at an auction to invest in, flip, or live in?
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